Methacrylate Monomers Market

Methacrylate Monomers Market Outlook (2023 to 2033)

The global methacrylate monomers market is valued at US$ 12.5 billion in 2023 and is projected to climb to US$ 21 billion by the end of 2033, increasing at a CAGR of 5.3% from 2023 to 2033.

Demand for methacrylate monomers from the automotive industry is estimated to increase at a CAGR of 5.1% through 2033.

Methacrylate monomers are important industrial monomers, which are utilized in various industries, including automotive, marine, architectural, aerospace, construction, and others.

Methacrylate is a building block, which is used for a wide variety of acrylic applications such as medical devices, etc. Methacrylate monomers are developed for specific applications, including inks, coatings, adhesives, paints, and others.

They also find applications as chemical intermediates for the enhancement of flexibility, compatibility, crosslinking, heat resistance, and impact modification. They assist in enhancing the performance of certain materials by improving surface rigidity and influencing resistance.

The suitability of methacrylate compounds for multiple applications is serving as one of the vital factors in generating growth opportunities in the target industry. In recent years, there has been a noticeable increase in demand for methacrylate monomers for polymerization because of their excellent recovering ability, the economical nature of methylated compounds, and deeply reactive double bonds.

Methacrylate-based monomers have numerous features, which propel their demand in the automotive industry and are thus estimated to put a positive impact on growth opportunities over the coming 10 years.

Accelerated developments that are taking place in the IT and telecommunication business have stimulated demand for methacrylate-based products owing to their excellent optical properties.

Strict administration in some countries is estimated to hinder expansion opportunities in the target industry. Many governments have also enforced certain measures to reduce the use of toxic materials, which can adversely impact demand for methacrylate monomers.

Vulnerability in prices of raw materials, which are used in the production of methacrylate monomers can also restrict opportunities for suppliers.

A newly published research report by Fact.MR, a provider of market research and competitive intelligence, provides a detailed analysis of the global methacrylate monomers market. Trade regulations, production analysis, new recent developments, market share, value chain optimization, and impact of localized or domestic market players are included in the research report.

Product approvals, technological innovations, product launches, application niches and dominance, and geographical expansions are some additional factors, which are included in this report.

Report Attributes	Details
Market Size in 2023	US$ 12.5 Billion
Forecasted Market Value (2033)	US$ 21 Billion
Global Market Growth Rate (2023 to 2033)	5.3% CAGR
Canada Market Growth Rate (2023 to 2033)	4.2% CAGR
Germany Market Growth Rate (2023 to 2033)	3.9% CAGR
Asia Pacific Market Share (2022)	40%
Key Companies Profiled	Arkema Group Ted Pella, Inc. Estron Chemical, Inc. DuPont de Nemours, Inc. Hitachi Chemical Co., Ltd. Gantrade Corporation Mitsubishi Chemical Corporation Nippon Shokubai Co., Ltd.

Why are Sales of Methacrylate Monomers Anticipated to Increase Steadily?

“Increasing Demand for Methacrylate Monomers from Automotive Sector”

The automotive sector is anticipated to stimulate demand for methacrylate monomers due to their application in a wide variety of products. They are utilized to produce interior accessories, including holders for sailing boats and yachts, coatings for automotive refinishing & topcoats, and acrylic sheets for caravan window glazing. Methacrylate monomers are also used in exterior & interior panels, bumpers, fenders, trim, and some other molded parts.

“Increasing Demand from IT and Telecommunication Industry Due to Excellent Optical Characteristics”

The IT and telecommunication industry is undergoing noticeable expansion. It has stimulated requirements for methacrylate-based products owing to their excellent optical features. Light diffusion plates and light-guiding plates for some flat panel displays are used in the IT and telecommunication industry. Polymethyl methacrylate (PMMA) is prominently used for the production of these displays.

“Rising Use of Methacrylate Monomers in Medical and Dental Solutions”

Methacrylate is consumed at a significant rate to manufacture a wide variety of dental and medical solutions, where stability and purity are critical. Medical pumps, intravenous (IV) tubing connectors, hyperbaric chambers, heart valves, artificial teeth, baby incubators, dentures, dental prosthetics, bridges, etc., are produced utilizing methacrylate monomers.

Cement-containing methacrylate-based liquid monomers are utilized by physicians in the process of hip replacements. Dentists also use them in white dental fillings.

Which Challenges are Encountered by Providers of Methacrylate Monomers?

“Stringent Regulations and Fluctuating Raw Material Prices”

Strict regulations are laid in certain countries, which are expected to hinder expansion opportunities in the target market. The utilization of products containing volatile organic compounds (VOCs) can cause smog and air pollution. Governments of various countries are implementing a series of different control measures to improve air quality, which can limit the use of VOCs.

New and stringent regulations can result in increased expenditure, negatively impacting the target market. Vulnerability in prices of raw materials that are used in the production of methacrylate monomers is expected to act as a noticeable restraint against their adoption.

Why is Asia Pacific Leading the Global Methacrylate Monomers Market?

“Rapidly Increasing Demand for Methacrylate Monomers from Construction and Automotive Sectors”

Asia Pacific is estimated to retain a dominating position in the global market. The region held more than 40% share of the total revenue in 2022. Increasing demand for methacrylate monomers from the construction and automotive sectors because of the rising regional population is contributing to their increased sales.

The presence of some developing economies in the Asia Pacific region is projected to boost residential construction. Various methacrylate monomer manufacturers are expanding their manufacturing bases in the region to capitalize on low manufacturing costs. Rising demand for methacrylate monomers from automotive, architectural and construction, and signs & displays industries is expected to generate lucrative opportunities for market players.

Rapid industrialization and urbanization in emerging countries, including India, Japan, and others are projected to fuel demand for methacrylate monomers in the Asia Pacific region.

Country-wise Insights

Which Factor Contributes to High Sales of Methacrylate Monomers in Japan?

“High Use of Methacrylate Monomers in Automotive Industry”

Japan's Market is anticipated to expand at a CAGR of 3.1% from 2023 to 2033. The rapidly growing automotive industry is generating higher demand for methacrylate monomer-based extruded acrylic sheets. They are used in thermoplastic mirrors, taillights, and some other parts of cars, boosting their sales.

Which Determinant Stimulates Demand for Methacrylate Monomers in the United States?

“Ever-growing Demand for Consumer Electronics in the United States”

The United States market was valued at US$ 3.2 billion in 2022. A noticeable expansion of the consumer electronics industry in the United States is predicted to generate higher demand for methacrylate monomers.

Which Industry is Projected to Propel Demand for Methacrylate Monomers in Germany?

“Increased Consumption of Methacrylate Monomers in Architectural and Construction Industry”

German market is projected to advance at a CAGR of 3.9% from 2023 to 2033. Increased consumption of methacrylate monomers in the architecture and construction industry is expected to result in a significant increase in their demand.

Category-wise Insights

Which is a Widely Consumed Type of Methacrylate Monomer Globally?

“Growing Worldwide Demand for Methyl Methacrylate”

Based on derivative, the global industry is classified into methyl methacrylate, butyl methacrylate, ethyl methacrylate, stearyl methacrylate, and others. Methyl methacrylate held a substantial share of global revenue. It is a basic monomer, which is used in the formation of polymethyl methacrylate and various other acrylic polymer plastics.

ACH (acetone cyanohydrin) is an organic compound used in manufacturing methyl methacrylate. Methacrylate monomers also ensure weather resistance, superior transparency, and other characteristics. These features are expected to boost the use of methacrylate monomers in construction materials, lighting equipment, signboards and displays, automotive parts, and others.

Polymethyl methacrylate is utilized as molds to produce lenses, which are used in glasses for commercial buildings and airport landing lights. Growing demand for PMMA-based molds by numerous end-use industries is estimated to augment growth opportunities in the target market.

Which End-use Industry is Predicted to Hold a Substantial Market Share?

“Automotive Industry Contributing Significant Share in Revenue”

Automotive, electronics, architecture & construction, advertisement & communication, industrial, healthcare, and other end-use industries are contributing to increased demand for methacrylate monomers. Among these, the automotive segment is estimated to expand at a CAGR of 5.1% through 2033, owing to the rising requirements by automotive manufacturers.

Methacrylate monomers are crucial in the formation of smog and protective surface coating on vehicles. They also play a significant role in reducing emissions of VOCs (volatile organic compounds). Methacrylate monomers, including butyl methacrylate and methyl methacrylate (MMA), are used extensively in the automotive industry. Methacrylate monomers are used in the automotive industry, especially for automotive glazing.

Key Market Players

Prominent suppliers of methacrylate monomers are making huge investments in strengthening their supply chain management systems to generate leads. Delivery of quality products is ensured by suppliers, maintaining product standards for quality control. Market players work effectively to minimize environmental impacts to achieve the goal of a sustainable environment.

Key suppliers of methacrylate monomers are Arkema Group, Ted Pella, Inc., Estron Chemical, Inc., DuPont de Nemours, Inc., Hitachi Chemical Co., Ltd., Gantrade Corporation, Mitsubishi Chemical Corporation, and Nippon Shokubai Co., Ltd.

Segmentation of Methacrylate Monomers Industry Research

• By Derivative :

  • Methyl methacrylate
  • Butyl methacrylate
  • Ethyl methacrylate
  • Stearyl methacrylate
  • Others

• By End Use :

  • Automotive
  • Electronics
  • Architecture & Construction
  • Advertisement & Communication
  • Industrial
  • Healthcare
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa